SCENARIO 13-4 The Managers of a Brokerage Firm Are Interested in Finding

question 120

Short Answer

SCENARIO 13-4
The managers of a brokerage firm are interested in finding out if the number of new clients a broker brings into the firm affects the sales generated by the broker.They sample 12 brokers and determine the number of new clients they have enrolled in the last year and their sales amounts in thousands of dollars.These data are presented in the table that follows.

-Referring to Scenario 13-4,the managers of the brokerage firm wanted to test the hypothesis that the population slope was equal to 0.At a level of significance of 0.01,the decision that should be
made implies that _____ (there is a or there is no)linear dependent relationship between the independent and dependent variables.

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Definitions:

Social Phobia

An anxiety disorder characterized by a significant fear of being embarrassed, judged, or scrutinized by others in social or performance situations.

Obsessions

Persistent, intrusive thoughts, images, or urges that cause significant anxiety or distress.

Compulsions

Repetitive behaviors or mental acts that an individual feels driven to perform, often in response to an obsession or according to rigidly applied rules.

Cognitive Errors

Mistakes in reasoning, evaluating, remembering, or other cognitive processes that can lead to inaccurate judgments or decisions.